There has been a very interesting phenomenon on the Solana chain recently. The performance of the Meme coin PIPPIN has been highly volatile over the past few days — starting from January 5th, the price has been steadily declining, dropping to a low of $0.235 at one point. That period was indeed quite exhausting to watch.

But things often take such a dramatic turn. Recently, this rebound has been quite strong, and the current quote has already returned to around $0.41, with the market cap climbing back to the $400 million level. Carefully calculating from the lowest point, this is a 66% rebound, and the 24-hour increase has even reached 48%. Honestly, such fluctuations are quite common among Meme coins, but every time I see them, it still feels a bit surreal.

However, it must be clarified — the sharp rise and fall of Meme coins are essentially market sentiment playing tricks. Concept hype, community enthusiasm, and public opinion trends often influence price movements more than fundamentals. To put it more plainly, these tokens generally lack real application value or genuine use cases; they rely purely on market hype and expectations to operate.

So, if you plan to participate in such trading, you really need to have a clear understanding of the risks involved. Returns and risks have always been twin brothers, especially in the Meme coin space.